Credit Card Center Advertiser Disclosure†
05-10-2013 06:28 PM - edited 05-10-2013 06:43 PM
I have 10,000 outstanding utilization on 2 cards 14 percent around.
5 years of credit history. Clean.... and one auto loan 17k in good standing from DCU .
Annual pay 91k.
BANK OF AMERICA 20,000
citi platinum 19500
discover it 14000
dcu platinum 10,000
thank you preferred 5500
BBY Capital one 5000
visa siggy BOA 2500.
i had 4 eqnquires in last 35 days.... from penfed membership ( Not card) . and 3 enquiries for increasing limits on discover, bank of america, and citi. all enquiries on euifax and one on trans union.
Current score.. fico transunion 723, fico equifax 708. (Becuase of enquiries it fell)
Going to pay of 8500 towards the cards in next 35 days. to bring down utilization to 1 or 2%
My last account opened 14 mnoths ago.. amex green... and closed immediately in one month. I didn't like features.
Iam thinking of applying bcp or bce and CSP. .what are the options...shall i wait for 2 or 3 months... or shall i apply when my utilization comes down to 1 or 2 %.
Thanks...to everyone.. Pls help.
05-10-2013 06:52 PM - last edited on 05-10-2013 06:54 PM by llecs
Your credit is fine now. It will be better when the lower balances report. Apply now or wait. Both should be fine.
As for which card - CSP is a travel card. Or get both. They serve different purposes.
05-10-2013 06:57 PM
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.† Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.